Shikha’s pay to hit Rs 2 cr | india | Hindustan Times
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Shikha’s pay to hit Rs 2 cr

india Updated: Aug 12, 2009 23:35 IST

Former ICICI Bank veteran Shikha Sharma will take home a hefty pay packet as Axis Bank managing director and CEO that will be in excess of Rs 2 crore a year, if one counts allowances and other perquisites.

Sharma will also be provided loan facilities totaling Rs 51 lakh by the bank, besides fully furnished accommodation, office car and telephone among other benefits.

She assumed office at Axis Bank in June this year, but her remuneration is yet to be ratified by the country’s third largest private sector bank’s shareholders, who have now been asked to either approve or reject the proposal by September 8.